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I think the whales consist of people or organization which will see a huge benefit if bitcoin is dead. It's not that they will make money in every pump and dump and they actually have the unlimited funding. To them it's not about making money in bitcoin but rather seeing people losing confidence in the bitcoin system by making the price crash and look awful.
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Depends on what you are looking for. Bitcoin is known for high volatility and if you are a short term investor looking for quick gain, bitcoin can easily net you 10 to 20 percent in a matter of hours. If you are a long term investor either bitcoin or gold would be fine as there's a future in it. Just diversify your holding. It doesn't have to be all gold or all bitcoin. Spread out the risk.
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I don't think that is going to be an issue. Although there are decimal places, we have unit of measurement such as mbtc, ubtc and bits although the more commonly used right now is mbtc. I don't see that as becoming a barrier that will prevent adoption because only a few people thought it will be confusing. Fact is, it's just numbers.
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I don't know about stone but I prefer metal. Even at high temperatures like fire which goes over few thousand degrees when it is burning, stones or even concrete for that matter will be reduced to rubble. It's the same for metal as well which will probably melted and if only one of the characters were missing, it will be very difficult to recover. Still cracking my head on what is the best solution though.
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Revolution? That sounds progressively but I would look at it at different way. I expect cash to be still around at that time but people would be less exchanging all the paper currency. I think online transaction would be taking over everything, bitcoin will be there as well and used more often and that's it. But I don't think cash will be totally dead by then.
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Usually it's not an issue for me. I will find my own stuff to do and when I'm back it's done. But however, if you are in a hurry, that will really get on your nerves and I believe that's the main reason preventing mass retail adoption because there's a need to have it done quickly and move on and out of the store with the product. So that is something we have to live on with it for now. However having said that cross-border transaction would be fine and there is where bitcoin comes in useful.
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I used to have my coins stored in Armory but after trying out electrum and then seeing how simple it is to use, there's no turning back. Not only that, it is fast, I would say secure as well and I like the set of 12 words seed that I actually can memorize by hard. So it's bitcoin no matter where I go. How cool is that.
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I would buy Bitcoin because I think it has a bright future and potential and for that it's worth putting my money into it. The idea that the amount is capped to a certain limit means nobody can just print more bitcoins out of nowhere and then dilute the value of my holdings. And furthermore, nobody controls it.
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The system is not my concern because whatever comes up maybe with faster transaction time will not do much to really dislodge bitcoin from its number spot. I believe we have seen a fair share of altcoins trying to do the same but failed. But what I'm really bothered about is the branding and marketing. What if they could have it the new coin become tied up with their product. Offer incentive to use the coin. Use some form of method to ensure price stability and better protection as a store of a value.
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So it means here if i leave my money with the bank i will lose 0.25 percent of its value every year. So if the money if left in the house then how safe would that be if case of theft or fire. Pretty much one would have no choice here. Better to get bitcoin then
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It obviously needs merchant adoption because that is what bitcoin is all about. The higher the adoption rate the more exposure bitcoin gets and that is how we will grow the demand. You can't expect everyone to hoard and do nothing with their coin because eventually that will lead to nothing.
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I think rather than asking what bitcoin is, the first thing I would ask is How can it help the company to make more profit? If the idea is not attractive then forget about it. I think you have to be prepared for that because most business minded people is all about making money in their mind.
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Even if they managed to get 60% success rate on their predictions I still think they would be better off earning money from trading rather than writing some articles. I notice that most of the time the news coverage will be written in a way that follow based on the current trend but somehow it will still go wrong. Nobody can really know how low of the low it will get and how high of the high it will get.
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I agree somehow there are some similarities observed. When it drops it goes down very quick, so hopefully when it goes up it will still move on the same pace. Have been closely monitoring the price for the past 3 hours and i can see that it is slowing crawling back up again. Just hope that it stays that way.
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You might regret having done that. Looks like the Price is going back up again after hitting 250 and there's a sign of strong buying going on. Regardless, anything can still happen from here. Probably you were right, probably not but for me I'm not taking the chance so still holding on to mine.
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I can already see it... Consumers buy a device {It says Intel Asic Inside} You connect it with Wifi to all other devices in your home and it enables you to have a central point of management for all eCommerce via Bitcoin. When you are not using it, it will mine for BTC and fund your built in wallet, within the device. So you see something on the shopping channel on TV, and you CLICK on "Pay with Bitcoin" and it access this BTCBox and pay for it. {Whilst you sleeping, it funds the box with BTC mining} Would that not be great? {The difficulty will go through the roof, and you would most probably only get a few Satoshi, but the idea is cool}  A BTC miner in every house, helping to oil the Blockchain gears.  I can imagine it sounds probably more like a reward program. Buy the chip and rather than leaving the cpu idling, it can be put to good use by leaving it running to secure the network. Maybe they were thinking differently in the sense that rather than using their blockchain as a ledger for cryptocurrency, it can be used for some other purpose like doing some complex protein folding calculation. I don't know... just touching on the possiblity |
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First of all, the lost coins are not dead. it's just that they are not accessible because you don't have the private key. And second, why fret over some coins which are not recoverable? It just makes me and everyone else happy because there's now less available supply in circulation. And that is hardly a problem at all.
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At the same time, there's was an article which is also relates to the budget and regulation thing that says the government is interested to explore the potential of crytocurrency and is willing to allocate a funding for the research. And that they were expressing their views concerning the potential that cryptocurrency holds. Can that be confirmed?
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Well everyone seems to think it's a crash. Well it did drop about $20 in about 4 hours and I'm sure we've seen far worse than that. Probably it will recover quickly, probably it won't. Regardless, just look on the bright side. It will only get better as long as the fundamental is there. The Rakuten adopting bitcoin news seems to give me the hope.
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I think what draws the borderline here between banks and bitcoin vaults is mainly the regulations and the systems. Regulations because even though banks basically have their own way, they are still tied up to some form of control by governments. That depends on countries to countries. And plus, central banks can sometimes bail the same banks out to avoid total catastrophe. Bitcoins don't have that for sure. And on the systems, banks also have auditors to determine their stability and ratings so that's also another difference.
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